NATIONAL ECONOMIC DEVELOPMENT COUNCIL (NEDC)
| UNITED KINGDOM |
| NATIONAL ECONOMIC DEVELOPMENT COUNCIL
(NEDC) |
Set up in 1962 the NEDC was a body, presided over by the Prime Minister or the Chancellor of the Exchequer, designed to discuss matters of national economic policy with representatives of interested organisations including the TUC, CBI, nationalised industries , the Bank of England, etc. The National Economic Development Office (NEDO) provided the full-time staff for research and assistance, and there were also regional and sectoral structures. Its status had been much downgraded since the 1980s; the Conservative governments have given it a much lower priority than did their predecessors and they also significantly reduced NEDO staffing levels. In 1992 the government announced the abolition of the NEDC, leaving the UK without any forum for discussion of economic issues between government, unions and employers.
Please note: the European industrial relations glossaries were compiled between 1991 and 2003 and are not updated. For current material see the European industrial relations dictionary.